Recent market conditions have made it critical for the asset management industry to refocus on its core strategies. The combination of increased competition, declining margins and fee erosion have resulted in the industry having to address the major challenge of making the right structural changes in order to lock in long-term sustainable benefits without constraining growth.
The aim of Fund Forum is to bring together the leading experts in the field to address these pressing issues, and to provide a forum for players to discover the most effective way to move forward and to successfully turn challenges into opportunities.
Noël Amenc, Professor of Finance at Edhec, Lionel Martellini, Research Associate at Edhec and Jean-René Giraud, Research Associate at Edhec, will be speaking at the event.
Link to the presentation by Noël Amenc - "Examining the Latest Results of the First Edhec European Asset Management Practices Study"
Link to the presentation by Lionel Martellini - "Mixing Hedge Funds with Traditional Investment Vehicles"
Link to the presentation by Jean-René Giraud - "Hedge Funds: Beyond Volatility"
Programme
Tuesday 24th June, 2003
Pre-Conference German & French Summit Day
Opportunities In The French & German Markets
This year, research has shown that the two hottest European markets for fund managers are Germany and France, and the conference is being held in Nice this year to reflect the growing interest in this country. To provide maximum information for delegates, a dual streamed pre-conference summit day on opportunities in both these markets is being run. Because delegates are likely to want to hear from the experts on various aspects of the two markets, they will be free to move between sessions, and to cherry-pick the topics that hold the most interest for them.
This full day summit will provide you with astute analysis on the wealth of opportunity in the German and French markets from some of the most experienced domestic and foreign players. Topics to be discussed in both streams include:
- Latest developments in the marketplace - maximising market penetration
- Examining changing product demand
- Impact of recent pension reforms and schemes
- Securing key distribution alliances
- Assessing the growing appetite for alternative products
- Successful marketing and branding strategies
- Successfully structuring and marketing multi manager products
- The impact of the German fiscal environment on financial services
- Examining the rise of master KAGs in Germany
- Real estate investing in Germany
- Winning sub-advisory mandates to gain a share of the French market
- Latest regulatory developments in the French market
- Unit linked products in France
- Successful Product Development & Distribution Strategies
- Wraps – How To Make Wealth Management Pay
Wednesday 25th June, 2003
Main Conference Day One
07.40
Registration & Coffee & Opportunity To Visit The Exhibition Hall
08.10
Chairman’s Welcome
David Ledster, Partner & Global Head of Investment Management & Funds, KPMG LLP (UK)
08.20
Outlook For European Asset Managers: Performance Is The Product
Huw van Steenis, Executive Director, Morgan Stanley Analyst’s Insights
08.45
New Cutting-Edge Research:
Where is the Added Value for Clients in Fund Management? A Revolutionary Shift, Evolutionary Responses
Amin Rajan, CEO, CREATE (Introduced by KPMG)
09.10
Economic Overview:
How The Global Political And Policy Environment Will Influence Financial Markets & The Global Economy
Dr. Philippa Malmgren, President, Canonbury Group
09.40
Successfully Adapting The Asset Management Business To The Demands Of The Long-Term Investor
Lawrence J. Lasser, President & CEO, Putnam Investments
10.25
Morning Coffee & Opportunity To Visit Exhibition Hall
10.55
Trust In An Age Of Uncertainty
David Spina, Chairman & CEO, State Street
11.20
Kick Ass Marketing: Overcoming The Challenges Of A Chaotic And Changing Business World To Regain Customer Loyalty & Blow Away Your Competition
Bob Pritchard, “Mr Marketing” & CEO, Marketforce One Inc
12.20
Extended Executive Debate - CEO Planning Session 1:
What Value Has The Investment Management Industry Delivered & How Will It Define Its Value Proposition In The Future?
To be chaired by Citigroup Global Transaction Services Division Executive
Panellists:
- Thomas Balk, President, Mutual Funds Europe, Fidelity Int'l Ltd
- Paul Manduca, CEO, Europe, Deutsche Asset Management
- Stefan Bichsel, Member of the Executive Board, Robeco Group
- Wolfgang Mansfeld, Member of the Board, Union Asset Manag't
- Michael Dobson, CEO, Schroders
- Jeffrey Peek, Vice Chairman, Crédit Suisse First Boston
- Joachim Faber, CEO, Allianz Dresdner Asset Management
- Gerrit Russelman, Director, Equities, PGGM
- Simon Targett, Editor, FTfm
- Robert Jenkins, CEO, F&C Management Ltd
- Hendrik du Toit, CEO, Investec Asset Management
Lunch & Opportunity To Visit Exhibition Hall
14.45
Panel Discussion:
Improving The Profitability Of Fund Management & Distribution: Are Automation & STP The Answers?
Moderated by: Julian Tregoning, Director of European Marketing & Development, Mellon European Fund Services
Panellists:
- Thomas Seale, CEO, European Fund Administration
- Francis Remacle, Head, Securities Industry Division, Swift
- Campbell Fleming, Head of European Operations, JPMorgan Fleming Asset Management
- Paul Miller, Director, Investment Administration, Skandia
Stream sessions:
- Stream A - New Directions In Trading, Admin & Settlement, chaired by BNY European Fund Services
- Stream B - Business Development Strategies, chaired by Crédit Suisse Asset Management
Includes a presentation by Noël Amenc, Professor of Finance at Edhec, at 17.40:
Examining the Latest Results of the First Edhec European Asset Management Practices Study:- Management offerings and processes
- Risk management and performance measurement
- Technological choices
Noël Amenc is a full professor at the Edhec Graduate Business School and is Research and Development Manager with Misys Asset Management Systems SA. Noël Amenc is Associate Editor of the Journal of Alternative Investment.
Link to the presentation by Noël Amenc - "Examining the Latest Results of the First Edhec European Asset Management Practices Study"
- Management offerings and processes
- Stream C - Alternative Investments, chaired by KPMG
- Stream D - New Directions In Product Development, chaired by Crédit Agricole Investor Services
- Stream E - The Future Of Wealth Management, chaired by KPMG
- Stream F - Latest Developments In Wrap Products, chaired by Brown Brothers Harriman
Networking Champagne Roundtables
19.00
Pre-Gala Dinner Cocktail Reception
20.30
Gala Networking Dinner
Thursday 26th June, 2003
Main Conference Day Two
07.45
Registration & Coffee & Opportunity To Visit The Exhibition Hall
08.15
Chairman’s Welcome Address
Julian Ide, Managing Director, Head of European Mutual Funds, ABN AMRO Asset Management
08.30
Examining The Achievements Of UCITS I, II, & III: What Should UCITS IV Deliver?
Geoff Hawksworth, Managing Director, Investment Services Europe, Standard & Poor's
08.55
An Unholy Alliance: Asset Managers, Distributors & The Outsource Providers
Teresa McGonagle, Vice President, Citigroup Global Securities Services
09.20
Alpha & The Evolution Of The Investment Management Industry
Professor André F. Perold, George Gund Professor of Finance and Banking, Harvard Business School
10.20
Morning Coffee
10.50
Examining The New Findings Of Research On The Latest Capital Adequacy Requirements For Fund Management Risk: What Are The Operational Risks Inherent In Fund Management And Are The Requirements Being Successfully Met?
Patrick Zurstrassen, Senior Advisor, Crédit Agricole Investor Services
11.35
Mastering Third-Party Fund Distribution In Europe: How Might The Landscape Look In The Next Five Years?
Henry Wegmann, Chief Executive Officer, Crédit Suisse Asset Management Europe
12.00
Special Guest Address: Entrepreneurial Insights
Bytes, Buses, Bankers – Building An Online Brand On A Budget
Martha Lane Fox, Co-Founder & Group Managing Director, lastminute.com
12.30
Extended Executive Debate - CEO Planning Session 2
A Forward Looking View Of Asset Management In Europe: What Are The Challenges & How Can They Be Overcome?
To be chaired by Citigroup Global Transaction Services, Division Executive
Panellists:
- Thomas Balk, President, Mutual Funds Europe, Fidelity Int'l Ltd
- Paul Manduca, CEO, Europe, Deutsche Asset Management
- Stefan Bichsel, Member of the Executive Board, Robeco Group
- Wolfgang Mansfeld, Member of the Board, Union Asset Manag't
- Michael Dobson, CEO, Schroders
- Jeffrey Peek, Vice Chairman, Crédit Suisse First Boston
- Joachim Faber, CEO, Allianz Dresdner Asset Management
- Gerrit Russelman, Director, Equities, PGGM
- INC Simon Targett, Editor, FTfm
- Robert Jenkins, CEO, F&C Management Ltd
- Hendrik du Toit, CEO, Investec Asset Management
Lunch & Opportunity To Visit Exhibition Hall
15.00
Stream Sessions:
- Stream A - Successful Distribution Strategies, chaired by ABN AMRO Asset Management
- Stream B - Alternative Investments, chaired by State Street
Includes a presentation by Lionel Martellini, Research Associate with Edhec at 15.25:
Examining The Practicalities Of Mixing Hedge Funds With Traditional Investment Vehicles:
- The contrasted diversification properties of hedge funds
- Advanced techniques for hedge fund style allocation decisions in the presence of uncertain estimates of their risk-return characteristics
- Hedge funds in a core/satellite approach
- Equity market neutral strategies as portable alpha vehicles
Lionel teaches Investments and Fixed-Income Securities at MBA level. He is a member of the editorial board of The Journal of Alternative Investments and The Journal of Bond Trading and Management, & a member of the advisory board and the curriculum committee of the Chartered Alternative Investment Analyst Program. Lionel conducts active research in quantitative asset management and derivatives valuation, which has been published in leading academic and practitioner journals. Lionel is also Research Associate with the Edhec Risk and Asset Management Research Centre.
Link to the presentation by Lionel Martellini - "Mixing Hedge Funds with Traditional Investment Vehicles"
Includes a presentation by Jean-René Giraud, Research Associate with Edhec, at 17.35:
Assessing the Risks Involved in Hedge Fund Investments: Overcoming the Challenges of Performing Effective Due Diligence, Measuring Risk & Performance where there is no Transparency:- Risks associated with hedge funds: myths or reality?
- Operational risks and their impact
- Effective due diligence process
- The use of transparency
Jean-René Giraud is Managing Principal at management consultancy firm Capco in charge of asset management clients, and Research Associate with the Edhec Risk and Asset Management Research Centre focusing on operational and liquidity risks.
Link to the presentation by Jean-René Giraud - "Hedge Funds: Beyond Volatility"
- The contrasted diversification properties of hedge funds
- Stream C - Trends in Multi Manager Funds, chaired by Premium Select
- Stream D - Best Practice Corporate Governance & Regulation, chaired by Crédit Agricole Investor Services
- Stream E - Performance & Profitability, chaired by Standard & Poor's
- Stream F - New Directions In Trading, Admin & Settlement, chair TBA
Close of main conference
Friday 27th June, 2003
Post-Conference Distribution Summit Day
Distribution In The Fund Management Business: New Directions & Opportunities
This is an established part of Fund Forum after its unqualified success over the past 4 years: It is viewed by many as an invaluable part of the event, due to the outstanding line up of speakers and top level intellectual quality. The day is always highly interactive, with many question and answer sessions, giving delegates a unique opportunity for discussion and debate on the most current issues affecting distribution in the fund management business.
Topics to be discussed include:
- The success of open architecture in Europe
- The impact of the bear market on cross-border strategies
- Key criteria when selecting third party funds for clients
- Open architecture - what happens when distributors get smart?
- Expectations & requirements of a European IFA group
- Can the US distribution model work in Europe?
- The growing demand for financial advice due to cross-border distribution
- Determining the optimum distribution mix for success
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Event Details |
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| When | Between 25/06/2004 08:00 AM and 26/06/2004 06:00 PM | |||
| Where | Acropolis Convention Centre, Nice, France | |||
| Web | Fund Forum International 2003 | |||
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Contact Details |
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| Name | Aden Watkins | |||
| mailto:awatkins@iirltd.co.uk | ||||
| Phone | +44 (0)20 7915 5198 | |||
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Attachments |
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Presentation by Noël Amenc - "Examining the Latest Results of the First Edhec European Asset Management Practices Survey"
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Presentation by Lionel Martellini - "Mixing Hedge Funds with Traditional Investment Vehicles"
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Presentation by Jean-René Giraud - "Hedge Funds: Beyond Volatility"
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